The concept of Uncertainty Arbitrage is something Victor Cheng wrote about for consulting career prep website, Case Interview. The reason clients pay consulting firms seemingly enormous fees is directly proportional to:1) What's at stake for the client if they make the wrong decision2) Their dislike for uncertainty.The greater the uncertainty and the greater the consequence … Continue reading Consulting Fees and Uncertainty are directly related
Perhaps. That's the warning from Soren Kaplan, writing for Inc. on the upcoming disruption about to rock the world of business and management consultants everywhere. In an article titled, "The Business Consulting Industry Is Booming, and It's About to Be Disrupted," Kaplan states: Here's the issue: Festering underneath myriad consulting offerings, methodologies, tools, and firms … Continue reading Is the Consulting industry about to go the route of video rental stores and the Dodo?
Consulting, as a profession, is in my humble opinion an extremely honorable pursuit that can bring tremendous value to the purchasers of consulting services. But that's only when applying a very narrow definition of the "consulting." What is that definition? A true consultant is an independent professional that through the application of their unique knowledge, … Continue reading Would a consultant by any other name smell so sweet?
Bill Graham, legendary concert promoter and impresario said the above quote in regards to one of his favorite bands to work with: the Grateful Dead. Since today is the 22nd anniversary of Jerry Garcia's passing, I thought it would be fun to tie in today's post with something related to the Dead... Matt Handal, SMPS … Continue reading “They aren’t the best at what they do, they are the only ones that do what they do”
Mark Buckshon's wonderfully rich blog, Construction Marketing Ideas, is in my humble opinion, perhaps the best resource there is for growing businesses in the architecture, engineering and construction industry. Every day, without fail, a new post is published that provides actionable advice, provokes thought, or forces one to question their own previously held assumptions. And … Continue reading What are the strategies and tactics behind 2017’s Best Construction Blog?